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Previous document: January 9, 2006
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Automatic Loan System Changes Status: Please read our response

Detailed Description:

Would you like to see the minimum automatic loan levels lowered? (twofold proposal)

1) Currently, when a Country or CEO receives an automatic loan, the minimum amount given is 30 Billion and for Corporations, it is 20 Billion, even though the Country/CEO/Corporation may only need just a couple of billion in loans. When manually asking for a loan, the minimums are 10B and 5B. The automatic system should provide the same amount at the minimum level as the manual system.

2) When repaying loans at their repayment date, you need to have the same minimums as the current automatic system minimums for receiving loans in order to either repay or reduce the loan that is due (if there is a 50B loan and there is only 45B in a Country/CEO, when the loan becomes due, the game repays 30B of the loan from the cash and then takes out a new loan to cover the shortfall). The new loan taken out is for 30B, due to the current automatic system minimums, which would leave 25B in cash. If the automatic system minimum were to be lowered to the same as the manual system, then 40B of the loan would be repaid and only a new loan of 10B would be taken out, leaving 5B in cash, but a smaller loan to pay in the future.

Changing the automatic system minimums, especially the repayment side of things, would make it easier, faster and cheaper for Countries/CEOs and Corporations to repay their loans and allow them the reduce what at times can be very crippling debts.

Agree if you would like to see the minimums for the automatic loan system reduced.

Disagree if you want the current system kept in place.

53 gamers voted for the proposal.
15 gamers voted against the proposal.

The proposal has been ACCEPTED.

W3Creative reaction:

The reason for the minimum is that when a country or an enterprise has many loans, the list of loans becomes a very large page that makes viewing it or paying back loans very slow. If we reduce the size of loans, the page will become even much longer, let alone the data base holding all the loans world wide and the number of transactions on that data base.

Enough reasons to leave the loan system as is for now. The cost that the larger loans cause is an average of 10 B loan that might not be needed with an annual cost 1% which makes it 8 millions a game month.

The next change in the loan system should be to make it a true market with offers and requests and more variation in the interest rates.

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